Precious Shipping Sells Supramax Bulker for $9.5 Million
Precious Shipping, a prominent name in the maritime industry, has announced a significant **supramax bulker sale**, disposing of its 2010-built vessel, the Warisa Naree, for $9.5 million. This strategic **vessel disposal** by its Thai subsidiary, Precious Ponds Limited, marks a key move in the company’s ongoing efforts to modernize its fleet.
Strategic Fleet Rejuvenation
This transaction aligns perfectly with Precious Shipping’s long-term strategy for **fleet rejuvenation**. By selling older assets like the 53,839-dwt Warisa Naree, built in India, the company aims to enhance operational efficiency and maintain a competitive edge in the global **dry cargo shipping** market. The proceeds from this **bulk carrier sale** will support investments in more modern and larger tonnage.
Impact on Precious Shipping’s Fleet
Following this sale, and considering six other pending deliveries (four newbuilds and two purchased vessels), Precious Shipping’s operational fleet will expand to 46 vessels, boasting an impressive aggregate capacity of approximately 2,202,351 deadweight tons (dwt). This continuous fleet upgrade underscores the company’s commitment to sustainable growth and adaptability within the dynamic **maritime trade** environment.
The delivery of the Warisa Naree to its new overseas owner is anticipated between November 25 and December 20, 2025. While the buyer’s identity remains undisclosed, this **shipping news** highlights the robust activity in the secondary market for bulk carriers and Precious Shipping’s proactive management of its valuable assets.
